- Solana’s price rallies with strong volume, eyeing $144 resistance for further gains.
- RSI and MACD indicate mild bullish momentum but warn of potential cooling soon.
- April 2025 projections suggest SOL may reach $148.37 amid moderate market optimism.
Solana (SOL) is displaying significant bullish momentum, raising speculation about whether it could reach a new all-time high in April. The token’s price has surged by over 7% in the past 24 hours, reflecting growing buying interest. The latest technical indicators suggest that momentum remains strong, though some signs of cooling may be emerging.
Besides the price increase, Solana has experienced a notable uptick in volume and market sentiment, which could further fuel the uptrend. The coming weeks may reveal whether this rally has the strength to push SOL beyond key resistance levels or if profit-taking will trigger a pullback.
SOL Price Trends and Key Levels
Solana’s price opened near $132.85 before dipping to form an intraday low around $130. However, it quickly rebounded, initiating a strong upward trend. This reversal indicates that buyers stepped in at the $130 support level, helping SOL recover and push higher.
Significantly, the price is now hovering near $142.94, up 7.48% over the past day. With trading volume increasing by over 133%, the rally seems to have backing from strong buying pressure.
On the upside, the $144 level has emerged as immediate resistance, with a potential psychological resistance zone between $146 and $150. If SOL breaks past these levels, it could extend its gains further.
Conversely, support levels include the $138 to $140 range, which previously acted as a consolidation zone. Below that, the $132.85 level may serve as key support, while $130 remains a crucial base in case of a deeper pullback.
Technical Indicators Signal Mixed Momentum
The Relative Strength Index (RSI) currently stands at 52.09, reflecting a mildly bullish trend. However, it has slightly declined from recent highs, suggesting that bullish momentum may be waning. Despite this, the RSI remains above 50, indicating that the overall trend is still upward unless further weakness develops.
The Moving Average Convergence Divergence (MACD) indicator also paints a mixed picture. Although the MACD line remains above the signal line, suggesting bullish momentum, the histogram has flattened. This could indicate that momentum is cooling and may lead to a bearish crossover if selling pressure increases.
April 2025 Outlook: Moderate Gains Expected
As per CoinCodex analysis, in April 2025, Solana could experience moderate gains, with projections estimating a potential peak price of $148.37. This would represent a 4.22% increase from its current level. SOL’s price may fluctuate between $134.04 on the lower end and $148.37 on the higher end, with an average price of $141.73.
